Wednesday, January 19, 2005

Year 2000 Behavior?

Is it just me or does the recent market behavior feel like early 2000? When companies with good earnings got slaughtered. In fact, any good news was sold and sold hard.

I guess what I'm getting at is this type of behavior feels more like a top than a bottom. So, be careful out there.

Later trades.

Daily Systems

New System Triggers
  • Closing the QQQQ (TrueRVolume) long system at Thursday's market open.
Recently Closed Trades
  • Closed QQQQ (VolSurgeDown) at Wednesday's market open with a +1.23% profit.
  • Closed QQQQ (BBLower) at Wednesday's market open with a +0.18% profit.
  • Closed WAG (Breakup) at Wednesday's market open with a +6.77% profit.
Current Open Systems
Symbol System Entry Date Exit Date Profit/Loss%
QQQQ ATRBreakBB 1/5/2005 open -1.55%
QQQQ TrueRVolume
1/5/2005 open -1.55%
ACV BreakUp
1/7/2005 open +0.61%
CB BreakUp
1/19/2005 open -1.16%
MGF Breakup
1/19/2005 open +0.15%



Total -3.50%

Please read the disclaimer on the website. This is not a recommendation to buy, sell, or trade securities. Just a journal of my travels through Wall Street. I can buy, sell, or hold any positions mentioned on this website at anytime. So, be warned.

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